Mr Law remarked: "A tenant looking around is probably going to find a much better local private landlord than they would just going to a big institutional landlord. But the average tenant is probably going to be better at institutional level."

A recent report by Andrew Leyshon and Shaun French from the University of Nottingham revealed that landlords with larger portfolios have been purchasing many of the rental properties being sold for lower prices since the recession took hold.

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